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PayPal Acquires Deal Finder Honey Science for $4 Billion

PayPal said it  was acquiring the coupon and promo code-finder Honey Science for $4 billion, it’s biggest ever acquisition.  The price looks high, though it couldn’t be learned how the amount was set. But PayPal appears to be betting that giving its millions of retail and business users access to Honey’s relatively sophisticated deal and coupon finding product will pay off with higher sales. It...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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